Nayika is the story of Gracy (Sharada) a leading star until she suddenly disappeared from the silver screen. Now, Aleena (Mamta) has come to do a documentary on her life. Aleena unravels the mystery surrounding Gracy's life and her sudden disappearance from the silver screen. Jayaram dons the role of a prominent hero of those times and Padmapriya stars as the younger version of Gracy. Siddique also has a major role in the film, playing the character of Stephen Muthalali, the owner of a prominent film studio. Sharada, Sabitha Jayaraj, KPAC Lalitha are also in the cast. The movie is produced by Thomas Benjamin. Deedi Damodaran is the script writer. Sreekumaran Thampy's lines have been composed by M. K. Arjunan